St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-11-04
FINANCIAL.
New York,

NEW YORK. Nov 3.-Money on call easy at
5 to per cent, closed offered at 3l2. Prime
mercantile paper. Gas. Sterling exchange
dull but firm at S4.SIs4 for sixty days and
81. S5J4 for demand. The stock market to-
day was much less active and not SO strong
as that of yesterday, and free realizing on the
limited demand left prices somewhat lower
for the day. Its movements closely reSem-
bled those of yesterday, though the weakness
of the opening prices was not made up at the
close. The news of the day was not OF
character to have much effect upon values,
comprising principally the old stories of rate
cutting in the Northwest and the approval of
the Northern Pacific first mortgage.
There was little in the market
outside of the professional opera
tons, the buying being chiefly
10 cover short and the selling 10 realize prof
its, both being scattering. After the advan-
tage at the opening there was some at
tempt made to depress prices still further
aud Missouri Pacific was again selected as
the special object of attack The effort,
however met with little success and the
stock was afterward remarkably strong. A
similar drive was afterward made at Read
ing but no impression was made upon it.
The tone of the market continued strong
until the last hour, and Western Union,
Union Pacific and few specialtles were
leaders of the movement The reallZatlonS
in the last hour, however, carried the list
down quicker than the advance had been and
the advantage was generally lost
The opening was quiet and weak at de-
clines from last evenings final figures eX-
tending to Is per cent and further small
losses were sustained in the early dealings,
Missouri Pacific and Union Pacific being
weakest, but the market quickly rallied and
under the leadership of Missouri
Pacific was carried up to from
IL to per cent above the opening figures.
Extreme dizziness then became the only feat
ure of the dealings and prices fuctuated
within very narrow limits, few of the more
prominent stocks monopolizing the entire
interest in the market. Heaviness appeared
toward 2 o'clock. and later the downward
movement gathered force and by the close OF
business prices were down TO, and in some
case, below those of the opening. large
majority of the active list are lower tonight
though the declines are generally for small
fractions only, but Manitoba lost j per cent
and Pacific Mail and Hooking Coal 7s each.
The prevailing dizziness extended 10 rail
road bonds also, the total sales being only
S765, 900. Closing prices are irregular
though declines are in majority, Chesa-
peake & Ohio extension fours lost = at &c;
| chesapeake, Ohio L. Southwestern bonds 3.
at IA; International seconds 2, at rs;
Mobile IL Ohio second debentures
4s4 at 1874, the third debentures 8 at Is
and Ohio Southern incomes 2Ss at 311b.
Denver 4 South Park firsts rose 4le to 74l2.
Government bonds were dull and steady.
State bonds were entirely neglected.
The total sales of stocks to-day were 22S,-
795 shares, including:
d. l.. & ". E. 25.350I n. P. pfd..... $500
Erie. 3,10OlOre. Trans. .... $3.50
Kan. d Tex. 1850 Reading. Il, 305
Lake Shore. 5,0o0ISt. Paul; 81, 20
L. d N......... 5.O5OlUnion Pacific. 16, $50
Missouri Pacfc22, I'll Western Union1S, 1922
NorfiWpsteru. S36Sl